According to the Theory of Mercantilism, a Country Should Develop

question 331

True/False

According to the theory of mercantilism, a country should develop policies that encourage a favorable balance of trade.

---

Definitions:

Percentage

A rate, number, or amount in each hundred, represented by the symbol %.

Base

The fundamental component or main ingredient in a mixture, formula, or system.

Decimal Places

The number of digits to the right of the decimal point in a number, significant in precision of measurements and calculations.

Percent Increase

The ratio of the increase in value to the original value, expressed as a percentage.